Arkansas

State in United States

Exports (2019): $6.21B, Rnk 37/53

Top Destination (2019): $1.53B, Canada

Top Export (2019): $1.04B, Aircraft parts nes

Imports (2019): $9.6B, Rnk 38/53

Top Origin (2019): $3.36B, China

Top Import (2019): $893M, Fixed wing aircraft, unladen weight >...

Economic Complexity (2019): 0.2, Rnk 34 / 53

Overview: This page contains the latest international trade data for Arkansas, including export and import data.

Exports: In 2019, United States' Arkansas exported $6.21B, making it the 37th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Arkansas were Aircraft parts nes ($1.04B), Railway tank cars ($364M), Chem wood pulp, soda or sulphate,... ($242M), Rice, semi-milled or wholly milled ($206M), and Fixed wing aircraft, unladen weight >... ($200M).

Imports: In 2019, United States' Arkansas imported $9.6B, making it the 38th largest importer out of the 53 importers in United States. In 2019 top imports of Arkansas were Fixed wing aircraft, unladen weight >... ($893M), Fixed wing aircraft, unladen weight 2,000-15,000... ($439M), Commodities not specified according to kind ($351M), Tricycles, scooters, pedal cars and similar... ($312M), and Footwear,sole rubber/plastic,upper textile, not sport ($233M).

Economic Complexity: In 2019, the highest complexity exports of Arkansas according to the product complexity index (PCI) are Cermets (2.2), Tool Plates (1.98), Metalworking Machines (1.67), Polyamides (1.65), and Motor-working Tools (1.56). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): Canada, $1.53B

Top Product (2019): Aircraft parts nes, $1.04B

In 2019 the top export destinations of Arkansas were Canada ($1.53B), Mexico ($745M), France ($711M), Japan ($372M), and China ($191M).

In 2019 the top exports of Arkansas were Aircraft parts nes ($1.04B), Railway tank cars ($364M), Chem wood pulp, soda or sulphate,... ($242M), Rice, semi-milled or wholly milled ($206M), and Fixed wing aircraft, unladen weight >... ($200M).

Export Dynamics

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Fastest Growing Exports Destination (July 2019 - July 2020)

Rapidly Declining Export Origins (July 2019 - July 2020)

Yearly Imports

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Depth
Year

Top Origin (2019): China, $3.36B

Top Import (2019): Fixed wing aircraft, unladen weight >..., $893M

In 2019 the top import origins of Arkansas were China ($3.36B), France ($1.37B), Mexico ($1.04B), Canada ($757M), and Germany ($370M).

In 2019 the top imports of Arkansas were Fixed wing aircraft, unladen weight >... ($893M), Fixed wing aircraft, unladen weight 2,000-15,000... ($439M), Commodities not specified according to kind ($351M), Tricycles, scooters, pedal cars and similar... ($312M), and Footwear,sole rubber/plastic,upper textile, not sport ($233M).

Import Dynamics

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Fastest Growing Import Origins (July 2019 - July 2020)

Rapidly Declining Import Origins (July 2019 - July 2020)

Comparison in Time

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This section shows differences between total trade from Arkansas throughout time.

This section shows forecasts for total exports and imports from Arkansas. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of United States

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Arkansas ranks 34th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Arkansas already has a comparative advantage, are led by Fermented Milk Products (0.17), Combustion Engines (0.16), Technical Use Textiles (0.16), Excavation Machinery (0.16), and Aqueous Paints (0.16).

Most Complex Products by PCI

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The highest complexity exports of Arkansas according to the product complexity index (PCI) are Cermets (2.2), Tool Plates (1.98), Metalworking Machines (1.67), Polyamides (1.65), and Motor-working Tools (1.56). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Railway Freight Cars (252), Eggs (125), Phenol Derivatives (97.9), Rubber Sheets (54.2), and Postcards (45.7).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Arkansas is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Arkansas. These are products that tend to be co-exported with the products that Arkansas exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth
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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.